The Gulf retail investors were seen increasingly into net buying this week which saw the newly listed Al Mahhar Holding eye two acquisitions.
About 56% of the traded constituents extended gains to investors in the main market this week which saw tourism and financial services demand instill confidence in Qatar's non-energy private sector in May.
The Islamic equities was seen declining vi-a-vis gains in the other indices this week which saw Aamal Trading and Distribution, a wholly-owned subsidiary of Aamal Company, intend to start negotiations with Integrated Information Systems Company (IIS) to acquire the latter for QR500,000.
The foreign institutions’ substantially weakened net selling had its influence in the main market this week which saw five of seven sectors experience buying interests.
The domestic funds’ weakened net selling pressure also had its say in the main market this week which saw Qatar's hospitality sector saw improved rooms' yield this April, mainly lifted by five-star hotels and deluxe hotel apartments.
The local retail investors continued to be net buyers but with lesser intensity this week which saw a total of 0.25mn Masraf Al Rayan-sponsored exchange-traded fund QATR worth QR0.57mn trade across 22 deals.
The Gulf funds continued to remain bullish but with lesser vigour in the main market this week which saw as many as 0.01mn Doha Bank-sponsored exchange-traded fund QETF valued at QR0.11mn change hands across 14 transactions.
Market capitalisation was seen gaining QR1.44bn or 0.24% to QR607.4bn on the back of microcap segments this week which saw the banks and consumer goods sectors together constitute more than 52% of the total trade volume in the main market.
The Total Return Index rose 0.47% and the All Share Index by 0.51%, while the All Islamic Index was down 0.03% this week, which saw no trading of sovereign bonds.
The industrials sector index zoomed 3.7%, banks and financial services (0.9%), consumer goods and services (0.46%), transport (0.45%) and telecom (0.16%); whereas industrials and realty fell 0.71% and 0.28% respectively this week which saw no trading of treasury bills.
Major gainers in the main market included Widam Food, Al Khaleej Takaful, Qatar Insurance, Commercial Bank, Beema, Dlala, Woqod, Qatari German Medical Devices, Mekdam Holding and Mesaieed Petrochemical Holding. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value this week.
Nevertheless, Salam International Investment, Gulf International Services, Medicare Group, Qatar Oman Investment, Ezdan, Industries Qatar, Qamco, Estithmar Holding, Qatar Islamic Insurance and United Development Company were among the losers this week.
The foreign individuals turned net buyers to the tune of QR1.15mn compared with net sellers of QR3.64mn the week ended June 1.
The Gulf retail investors’ net buying increased marginally to QR0.82mn against QR0.74mn the previous week.
The foreign institutions’ net selling weakened substantially to QR18.92mn compared to QR112mn a week ago.
The domestic funds’ net selling declined markedly to QR56.45mn against QR76.67mn the week ended June 1.
However, the Arab individuals turned net sellers to the tune of QR1.84mn compared with net buyers of QR35.42mn the previous week.
The local retail investors’ net buying declined drastically to QR17.44mn against QR82.69mn a week ago.
The Gulf institutions’ net buying tanked noticeably to QR57.58mn compared to QR72.89mn the week ended June 1.
The Arab institutions’ net buying eased marginally to QR0.23mn against QR0.56mn the previous week.
The main market witnessed a 42% contraction in trade volumes to 836.25mn shares, 48% in value to QR2.25bn and 20% in deals to 86,432.
The venture market saw as many as 6.52mn equities valued at QR17.45mn changed hands across 1,044 transactions.